Dasht Homework: Chapt. 1 - Role of Managerial Finance Save Score: 0.38 of 5 pts 5 of 6 (6 complete) HW Score: 59.92%, 11.38 of 19 pts Fin P1-9 (similar to) E Question Help Interest versus dividend income Last year, Shering Corporation had prelax earnings from operations of $498,000. In addition, it received $20,000 in income from interest on bonds it held in Zug Manufacturing and received $20,000 in income from dividends on its 6% common stock holding in Tank Industries, Inc. Shering is in the 21% tax bracket and is eligible for a 50% dividend exclusion on its Tank Industries stock. a. Calculate the firm's tax on its operating earnings only b. Find the tax and the after-tax amount attributable to the interest income from Zig Manufacturing bonds c. Find the tax and the after tax amount attributable to the dividend income from the Tank Industries, Inc., common stock d. Compare, contrast, and discuss the after tax amounts resulting from the interest income and dividend income calculated in parts band . e. What is the firm's total tax liability for the year? C. Lomwwwwwwwww- DOWN U PUNGU) Dividend Income Before-tax amount Text Loss: Applicable exclusion Taxable amount Tax (21%) la Libra After-tax amount Calcula